Create Jobs by Expanding the R&D Tax Credit Act of 2010

Create Jobs by Expanding the R&D Tax Credit Act of 2010 - Amends the Internal Revenue Code to: (1) increase the rate of the tax credit for increasing research activities in 2010 and 2011; (2) extend such tax credit through 2011; and (3) allow certain small business concerns to assign research tax credit amounts in 2010 and 2011.